Arrest Warrant Issued For Ousted Pakistani Prime Minister : The Two-WayNawaz Sharif, who pled not guilty before an anti-corruption court to charges of money laundering and related crimes, has failed to appear for a hearing.

Pakistan's Prime Minister Nawaz Sharif speaks to media after appearing before an anti-corruption commission at the Federal Judicial Academy in Islamabad in June.

Aamir Qureshi/AFP/Getty Images

UPDATED at 6:40 a.m. ET

An arrest warrant has been issued for former Pakistani Prime Minister Nawaz Sharif after he failed to appear in court to face allegations of corruption.

Sharif, who was ousted in July and pleaded not guilty to the charges last week, failed to appear in court and was slapped with a so-called "bailable arrest warrant." The former premier was on a religious pilgrimage in Saudi Arabia at the time of Thursday's hearing, Pakistani media reports.

The bailable arrest warrant means that Sharif, 67, could avoid arrest by paying bail, but if he declines to do so, the judge might convert the warrant into a non-bailable one.

As we reported a week ago, Sharif was indicted by an anti-corruption court in Islamabad on charges that he had acquired assets "disproportionate to his known means of income." He is also charged with money laundering tied to a Panama law firm.